Robby Livgren is a private land developer, and has enjoyed l…
Robby Livgren is a private land developer, and has enjoyed long-term success building and operating office buildings, multifamily communities, and shopping centers. Mr. Livgren now wants to venture in a new business direction. Following a vacant land purchase close to a commercial street with consistent trips and minimal concurrency requirements, Mr. Livgren wants to develop this particular site as five pads, each of which can support a minimum 2,500 square foot and maximum 7,500 building. There will be landscaped areas, a non-exclusive and shared-use parking lot with lighting, and a dumpster. Each of the five pads will be sold, with rights to the shared common areas. The location in which the development is situated is zoned for general office, medical, dental, and veterinary use. Mr. Livgren has positioned this development to be controlled by a(n): (Select one answer only.)